Fund Manager Murray Stahl’s Stock Picks Include Autonation

Horizon also liked Jarden Corporation (NYSE:JAH), with a position of 3.7 million shares in the $4.4 billion market cap company which provides outdoor equipment, home accessories, and other products. Jarden has been another big gainer over the last year, up 74%, and with earnings actually declining in its most recent quarterly report versus a year earlier the trailing P/E is 21. Fisher Asset Management, managed by billionaire Ken Fisher, was another investment fund with a position in Jarden (find Fisher’s favorite stocks).

AutoNation, Inc. (NYSE:AN), an auto dealer primarily located in the Sunbelt, was another of Horizon’d top picks; billionaire Eddie Lampert and his team at ESL Investments had over $2 billion invested in the stock. Research more companies where Lampert is a major investor. Revenue and earnings both saw double-digit growth rates in the third quarter of 2012 compared to the same period in the previous year, and at 19 times trailing earnings AutoNation may qualify for “growth at a reasonable price” status.

Stahl’s fund owned 3.9 million shares of Brookfield Asset Management Inc. (NYSE:BAM), a holding company with a strong real estate component. Marty Whitman’s Third Avenue Management cut its stake in the third quarter, but at 7.8 million shares Brookfield was still its top holding by market value. Brookfield has a market capitalization of $23 billion, which places it at 18 times trailing earnings with analysts expecting lower net income this year.

Another holding company that Horizon liked was Leucadia National Corp. (NYSE:LUK), though Leucadia is quite diversified in its business operations. Bruce Berkowitz, manager of Fairholme, was another manager reporting a large position in Leucadia (see more stocks Fairholme owned). This stock did not have a good 2012, and is down 12% in the last year. It now trades at a slight discount to book value.

Disclosure: I own no shares of any stocks mentioned in this article.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!